Mortgages: Refinance or Purchase at 3.125% with $0 closing costs or even a credit towards closing with Box Home Loans

Excellent a new affiliate is onbaord

Quote from primetime2113 : LOL exactly and again feel free to delete to my comment not trying to disregard the promotion posted for slickdeals. It was $236,000, 30 year fixed, 1-2 points sorry I didnt finish the loan before I left today but obviously for the APR to go up it had at least 1 point.

2.75 30 fixed for a $236,000 loan is awesome. Wow, even at 2 points its a great rate.

Quote from romodome : 2.75 30 fixed for a $236,000 loan is awesome. Wow, even at 2 points its a great rate.

Yeah I wanna say it was with Nationwide. It may have been US Bank also. I can double check though

Quote from primetime2113 : Yeah I wanna say it was with Nationwide. It may have been US Bank also. I can double check though

mine was a 30year fixed refi, 22600 loan, appraisal came in at 355K, 3.75% apr with close to $3500.00 in closing costs which nets you about $1000.00 towards escrow after everything is paid.

Quote from romodome : mine was a 30year fixed refi, 22600 loan, appraisal came in at 355K, 3.75% apr with close to $3500.00 in closing costs which nets you about $1000.00 towards escrow after everything is paid.

When did you refi last?

I went with Provident as well. About $1500 difference from Box Home Loans. The total cost for my Provident Loan was $2700 which includes the Admin fee.

Quote from primetime2113 : LOL exactly and again feel free to delete to my comment not trying to disregard the promotion posted for slickdeals. It was $236,000, 30 year fixed, 1-2 points sorry I didnt finish the loan before I left today but obviously for the APR to go up it had at least 1 point.

Is this a rate that mere mortals can get? Its astoundingly good compared to what we can find right now

I guess we'd need to know the total out of pocket cost of that loan to get a good comparison.

Quote from primetime2113 : When did you refi last?

closing next week.

I did the math, 2 points would be a little over $5000.00 so it would cost me about $8500 to save about 94 a month with the example you gave, if it were two points, borderline worth it. I would have to be in the same house 8 years to show the savings. I guess I will have to wait the 6 months and see if I want a no cost refi again if rates go down more.

Refied a couple days ago at 3.625 with $4000 credit towards closing on a $300k loan with firstib. Amerisave was offering the same deal as well. Rates have gone up a little the last few days.

Quote from bryantq : Thanks we'll have to check them out too and see if they'll give slickdeals' owners and users a special deal *Edit: doh, of course they don't service Nevada. grr.

fixed it for you. Btw anything for purchase? This mortgages business is greek to me.

Quote from Toad_Killa : fixed it for you. Btw anything for purchase? This mortgages business is greek to me.

Frankly, we were more interested in getting low rates to refinance our own homes Boxhomeloans was the best we could find for Nevada. Outside of Nevada it seems Providence is good too.

The rates and discount apply for both refinance and purchase. Now that we've learned about Providence we're gonna ask em for a deal for us and you!

not offered in KS kills it for me

I also found Box and Provident to be excellent options for a refi with Provident being the clear overall winner since it had an extra 0.25 point discount from my employer.

The issue with both options is my value dropped enough that I'd need pay down a lot to get back to 80% LTV. Rather than waste the $150-$160/month in PMI, I went with a local credit union (Advantis) that offers a 2.99% 3/2 ARM with the first adjustment maxed at 1%. They don't charge any PMI even at 95% LTV, so they beat out even Provident for my scenario.

I'd love to refi, and possibly take some equity out of my condo. I've never done anything like this as I've never purchased a home. My home was transferred to me by my father, but his name is still on the loan which is currently owned by chase at 5.5%APR. Any recommendations slickdealers?